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Choice modelling is increasingly being used to generate estimates of the value of changes in environmental quality. This is partly because of the informational efficiencies of the technique, but also because of concern about the accuracy of contingent valuation. Experimental evidence has,...
Persistent link: https://www.econbiz.de/10009445979
A hybrid stated-preference model is developed that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mail-out mail-back format. Econometric analysis shows that...
Persistent link: https://www.econbiz.de/10005500450
A variety of questioning formats have been used in contingent-valuation studies, with dichotomous-choice questions becoming the preferred format. However, as with any empirical technique, continued applications raise questions that require attention if the credibility of the procedure is to be...
Persistent link: https://www.econbiz.de/10005536076
Persistent link: https://www.econbiz.de/10010881021
An important issue in the design of stated-preference surveys is in the hypothetical setting whether providing information to the respondents can elicit valid value estimates. On-site experience with a resource is one way to provide respondents with first-hand information about the valuation...
Persistent link: https://www.econbiz.de/10010881191
In the hedonic model, when an investigator wishes to merge property sale data with spatial data on an environmental amenity, one problem encountered in the matching process is that the environmental data are usually limited. A challenging task is how to scale site and time specific environmental...
Persistent link: https://www.econbiz.de/10011068695
Choice modelling is increasingly being used to generate estimates of the value of changes in environmental quality. This is partly because of the informational efficiencies of the technique, but also because of concern about the accuracy of contingent valuation. Experimental evidence has,...
Persistent link: https://www.econbiz.de/10008518953
Deterministic rules for generating choice sets are often employed by analysts confronting universal sets with large numbers of alternatives. For destination choice analysis, site exclusion rules defined by travel time, distance, or quality have a behavioral appeal, yet are fundamentally limited...
Persistent link: https://www.econbiz.de/10005338287